Culture
Philippine central bank orders e-wallets, payment apps to remove online gambling links
[MANILA] The Philippine central bank ordered mobile wallets, payment applications and other institutions to remove links to online gambling platforms as the nation seeks to curb the booming industry...
Hedge funds shift bets to double down on Big Tech amid AI boom
[NEW YORK] Wall Street’s largest hedge funds, Bridgewater Associates, Tiger Global Management and Discovery Capital, increased their exposure to Big Tech in the second quarter amid a generational boom...
Wee Hur H1 profit falls 42% to S$38.7 million
[SINGAPORE] Property company Wee Hur on Thursday (Aug 14) posted a 42 per cent decline in net profit to S$38.7 million for the six months ended Jun 30, 2025,...
Stocks to watch: Thai Beverage, Golden Agri-Resources, Ho Bee Land, OUE, Straits Trading
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Aug 15):Thai Beverage: The beverage company on Thursday reported a 4 per cent...
Buffett buys US$1.6 billion UnitedHealth stake, sells T-Mobile
[NEW YORK] Warren Buffett’s Berkshire Hathaway bought shares of UnitedHealth Group in the second quarter, sending the health insurer’s stock soaring in post-market trading. The chief executive officer of...
Nubank sees more credit growth as quality gauges hold up
[SAO PAULO] Nu Holdings, Latin America’s biggest digital bank, reported a decline in credit quality that was roughly in line with analysts’ expectations, and said that it expects credit...
Cordlife H1 loss narrows to S$4.6 million from S$12.4 million; client claims now total S$8.7 million
[SINGAPORE] Cord-blood bank on Thursday (Aug 14) posted a net loss of S$4.6 million for its first half ended Jun 30, trimming its losses from S$12.4 million in the...
ANZ reports third-quarter rise in deposits, loans
Published Fri, Aug 15, 2025 · 07:10 AMAUSTRALIA’S ANZ Group said on Friday its customer deposits and net loans and advances rose in the third quarter, while credit risk-weighted...
Apple rejects Musk claim of App Store bias
APPLE on Thursday rejected Elon Musk’s claim that its digital App Store favours OpenAI’s ChatGPT over his company’s Grok and other rival AI assistants.Musk has accused Apple of giving...
UOB, BOS among banks with rising clients’ alternative asset investments as Asia’s rich take shine to sector
[SINGAPORE] More of Asia’s richest are viewing private-market investments as a core part of their portfolios, say senior private bankers. With allocations ranging from the single digits up to...
